Pre-Market Environment

The Pre-Market Environment is a joint initiative of Bolsas y Mercados Españoles (BME) and Spain’s National Business Angels Association (Big Ban Angels), offering start-ups the chance to gain further insight into the stock market functioning and approach new investors.

The main aim is to provide participating companies with the support they need to successfully meet market requirements to seek and obtain financing through capital markets.

To accomplish this goal, a virtual platform has been launched (the Environment’s own website) and a physical space has been set up at the Valencia Stock Exchange to help train companies and provide them with networking possibilities with investors through events such as Investor Day, Transaction Day and meetings with shareholders.

Whom is the service geared to?

The service is addressed towards the companies’ management teams and shareholders who view the stock market as a valuable source of additional funding for their business, but need help to overcome the entry barriers.

What is the added value of the service?

A training programme centred on the Alternative Equity Market (Mercado Alternativo Bursátil, or MAB for short), with sessions explaining the changes and modifications that companies will need to make to their capital structure and corporate governance, the key figures involved in the admission process and reporting and transparency requirements. The sessions end with an analysis of a case study of a company’s listing process on the MAB.

Added visibility for companies included in this initiative.

Access to essential information on market-listed companies for new qualified investors.

Specific events such as Investor Day and Transaction Day that enable companies to network with investors and gain access to direct investments.

Demonstration of the progress achieved, mainly in terms of compliance with regulatory requirements in order to remain listed on the market, along with reporting obligations and corporate governance.

Direct contact with market representatives.

Hotline for doubts and queries.

Why BME?

BME is the manager of all the Spanish markets, including official secondary and alternative markets for both equities and fixed income. BME counts with expert professionals both in the information and the financial education field that can train companies on how to obtain funding through capital markets. Among these markets, the Alternative Equity Market (Mercado Alternativo Bursátil, or MAB for short) is designed for small-cap enterprises looking to expand and offers special regulations, costs and processes tailored to their specific needs and characteristics.